دانلود کتاب Risk Governance: Biases, Blind Spots and Bonuses

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Cover Half Title Series Page Title Page Copyright Page Dedication Page Contents List of figures List of tables Biography Foreword Preface Part A Foundations of risk governance 1 Emergence of risk governance 1.1 Risk management and regulation 1.2 Biases and blind spots 1.3 Timing and incentives 1.4 Financial institutions as risk governance catalysts 1.5 Conclusion Notes 2 Structures of risk governance 2.1 Defining risk and risk management 2.2 The role of the board of directors 2.2.1 Risk appetite and strategy 2.2.2 Risk framework and policy 2.2.3 Supervising the executive 2.2.4 Risk accountability 2.3 Board risk committee 2.4 Risk in the executive – chief risk officer 2.5 Risk management function 2.6 Compliance function 2.7 Assurance 2.8 Three lines model (aka three lines of defence) 2.9 Executive compensation 2.10 Risk disclosures 2.11 Evidence for risk governance Notes Further reading and resources 3 Assessing and embedding risk culture 3.1 Risk culture/climate versus organisational culture 3.2 Risk culture and risk management maturity 3.3 Measuring risk culture 3.3.1 Observation and interviews 3.3.2 Risk culture surveys 3.3.3 Other data sources 3.4 Building risk culture 3.4.1 Guidance for boards 3.4.2 Speaking up and listening up Notes Further reading and resources 4 Incentives and accountability 4.1 Accountability 4.2 Remuneration and performance measurement 4.2.1 Components of executive compensation 4.2.2 Time trends in executive compensation 4.2.3 Controversies in executive compensation 4.2.4 Pay/performance sensitivity 4.2.5 The balanced scorecard and gateways 4.2.6 Deferrals and share-based remuneration Notes Part B The risk management process 5 Risk management process overview 5.1 Communication and consultation 5.2 Scope, context and criteria 5.3 Risk assessment 5.4 Risk treatment 5.5 Recording and reporting 5.6 Monitoring and review 6 Communicating and influencing for risk governance 6.1 Dealing with hostility and suspicion 6.2 Dealing with apathy and overconfidence 6.3 Use of storytelling 6.4 Appealing to fear 6.5 General principles 6.6 Quantitative information Notes Further reading and resources 7 Context, criteria and risk appetite 7.1 Context 7.1.1 SMEs 7.1.2 Start-ups 7.2 Criteria 7.2.1 Public sector 7.3 Risk appetite Notes Further reading and resources 8 Risk analysis 8.1 Quantitative risk analysis 8.1.1 Case study: Larry’s Luxury Food and Wine (with accompanying spreadsheet) 8.2 Analysing risk interactions 8.2.1 Interactions at Singapore Airlines 8.2.2 Interactions at BHP 8.2.3 Credit and operational risk interactions in banking 8.3 Managing model risk 8.4 Subjective risk analysis Notes Further reading and resources 9 Risk treatment 9.1 Treatments and their (unforeseen) consequences 9.2 Treating ‘financial risks’ 9.3 Operational treatments and flexibility 9.4 Financial flexibility as a risk management strategy 9.4.1 Case study: Larry’s Luxury Food and Wine revisited 9.4.2 Case study: BHP revisited 9.5 Treating multiple risks simultaneously 9.6 Evaluating expensive risk treatments Notes Further reading and resources 10 Report, monitor, review 10.1 Link to objectives 10.2 Reporting to line 1 10.3 Board risk reporting 10.4 Monitoring and review Note Part C Case studies 11 Volkswagen Dieselgate case Notes 12 CBA/conduct risk case study 12.1 Governance, culture and accountability at the CBA Notes Further reading and resources 13 Strategic risk management 13.1 Strategic risk identification with the PESTLE 13.2 Evaluating strategic risk through scenario analysis 13.3 Treating strategic risk: flexibility and preparedness 13.4 Monitoring and reviewing strategic risk Notes Further reading and resources 14 Climate risk management 14.1 Potential strategic responses 14.1.1 Accept 14.1.2 Operational adaptation 14.1.3 Diversification and transition 14.1.4 Divestment 14.1.5 Managed decline 14.1.6 Insurance and other contractual solutions 14.1.7 Financial flexibility 14.2 Governance of climate risk 14.2.1 Board focus 14.2.2 Disclosure 14.2.3 Communication 14.2.4 Incentives 14.2.5 Analysis Notes Further reading and resources 15 Cyber risk 15.1 Nature of impact 15.2 Why is cyber risk so challenging? 15.3 Cyber security frameworks 15.4 Insurance Notes Further reading and resources 16 COVID-19 pandemic 16.1 Behaviour changes and dread risk 16.2 Financial and operational adaptation 16.3 Rethinking risk management: resilience and adaptability Notes Further reading and resources Risk governance glossary Index